ICICI Prudential Retirement Fund Pure Equity Direct Growth

ICICI Prudential Retirement Fund Pure Equity Direct Growth is a hybrid fund. This fund was started on 28 February, 2019. The fund is managed by Manish Banthia, Lalit Kumar. This fund gives you the benefit of diversification.

1. ICICI Prudential Retirement Fund Pure Equity Direct Growth has ₹872 Cr worth of assets under management (AUM) as on Jun 2024 and is more than category average.
2. The fund has an expense ratio 0.8.
   

ICICI Prudential Retirement Fund Pure Equity Direct Growth has given a CAGR return of 24.28% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 49.42%, 30.01% and 25.60% respectively.

ICICI Prudential Retirement Fund Pure Equity Direct Growth has allocated its funds majorly in Cash Equivalent, Basic Materials, Industrial, Financial Services, Consumer Cyclical, Real Estate, Communication, Health, Tech, Energy, Utilities.

As it is a retirement mutual fund the taxation is as follows:
If the fund is equity oriented i.e. asset allocation of more than 65% in equity instruments:
For short term (less than a year) capital gains will be taxed at 15%
For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefit
Gains up to Rs 1 lakh are exempt from taxation (more than 12 months).

To generate long-term capital appreciation and income generation to investors from a portfolio that is predominantly invested in equity and equity related securities. However, there is no assurance or guarantee that the investment objective of the plan would be achieved.

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 100.00. There is a lock in period for ICICI Prudential Retirement Fund Pure Equity Direct Growth of 5 Years